Channel Breakout.

NSE:NIFTY   Nifty 50 Index
Nifty after a long consolidation broke out the channel and close above it.
Nifty now has support around 10220. Any Close below 10220 will make the BULL cautious and will try to take support 10125-10150 Which currently stands as a very strong support and BULLS should try to save it. Below the 10120 Level Nifty can slide to the bottom part of the channel ( worst case scenario target stands at 9775 ).

Best Case scenario:
Nifty has breaken out of the channel and have closed above it.
fibonacci extension gives a target around 10635
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